80%
OF DEPARTMENT OF ENERGY GREEN LOANS
WENT TO "OBAMA-RELATED COMPANIES"
WENT TO "OBAMA-RELATED COMPANIES"
Under the guise of "investing" in so-called green energy, the Obama
Administration is perpetrating yet another massive scam on the American people.
It has now been documented that Obama is using your hard-earned tax dollars to
line the pockets of his biggest campaign donors.
But don't take our word for it...
According to research done by Hoover Institution Fellow Peter Schweitzer, the
hundreds of millions of dollars in taxpayer-backed loans handed to Solyndra -
the now bankrupt company that was run by Obama campaign bundler George Kaiser -
is just the "tip of the iceberg."
In fact, a staggering 80% of the federal grants and loan guarantees made to
green-tech firms by Obama's DOE since 2009 were made to companies whose chief
executive or chief investors were major contributors and big money men to
Obama's 2008 presidential campaign.
Schweitzer's research reveals a devastating picture of corruption in
Washington, D.C. Democrats, Republicans, Congressmen, Senators, administration
officials and bureaucrats - the corruption is widespread.
Billions upon billions of dollars literally have poured into the coffers of
Obama's biggest campaign donors whose quasi-green products, like bankrupt
Solyndra's solar panels or the exploding Finnish eco-car, were not only
questionable, but very clearly doomed to failure from the beginning.
Given the number of reports warning the Obama Administration against many of
the "green" loans and government handouts, it is now obvious that the money
transfers were never meant to rescue the American economy or create jobs...
Rather, the program from the very beginning was about nothing more than lining the pockets of loyal Obama supporters.
Rather, the program from the very beginning was about nothing more than lining the pockets of loyal Obama supporters.
Even the non-partisan Government Accountability Office (GAO) has chastised
the Obama Administration for the manner in which DOE loans and handouts were
granted. According to GAO:
- Many of the loans lacked adequate documentation and performance measures.
- Obama's DOE granted many loans based on favoritism while denying or disadvantaging other equally and often more qualified potential borrowers.
And DOE's own inspector general, Gregory Friedman, has testified that
many of the contracts have been steered to "friends and
family."
Yet despite all this, Barack Obama wants to double down on the program. In
fact, Obama's Department of Energy has announced its intention to issue even
more "green energy" loans. How many major Obama 2012 donors do you think
will be on the receiving end of those new loans and grants?
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